Search Results
Showing results 1 to 10 of approximately 59.
(refine search)
Working Paper
Optimal Taxation, Marriage, Home Production, and Family Labor Supply
Gayle, George-Levi; Shephard, Andrew
(2016-05-23)
An empirical approach to optimal income taxation design is developed within an equilibrium collective marriage market model with imperfectly transferable utility. Taxes distort labour supply and time allocation decisions, as well as marriage market outcomes, and the within household decision process. Using data from the American Community Survey and American Time Use Survey, we structurally estimate our model and explore empirical design problems. We consider the optimal design problem when the planner is able to condition taxes on marital status, as in the U.S. tax code, but we allow the ...
Working Papers
, Paper 2016-10
Working Paper
Explaining Educational Attainment across Countries and over Time
Restuccia, Diego; Vandenbroucke, Guillaume
(2014-11-01)
Consider the following facts. In 1950, the richest countries attained an average of 8 years of schooling whereas the poorest countries 1.3 years, a large 6-fold difference. By 2005, the difference in schooling declined to 2-fold because schooling increased faster in poor than in rich countries. What explains educational attainment differences across countries and their evolution over time? We consider an otherwise standard model of schooling featuring non- homothetic preferences and a labor supply margin to assess the quantitative contribution of productivity and life expectancy in explaining ...
Working Papers
, Paper 2014-48
Working Paper
What is the source of the intergenerational correlation in earnings?
Soytas, Mehmet A.; Golan, Limor; Gayle, George-Levi
(2015-08-24)
This paper uses a dynastic model of household behavior to estimate and decomposed the correlations in earnings across generations. The estimate model can explain 75% to 80% of the observed correlation in lifetime earnings between fathers and sons, mothers and daughters, and families across generations. The main results are that the family and division of labor within the household are the main source of the correlation across generation and not just assorting mating. The interaction of human capital accumulation in labor market, the nonlinear return to part-time versus full-time work, and the ...
Working Papers
, Paper 2015-19
Working Paper
What Accounts for the Racial Gap in Time Allocation and Intergenerational Transmission of Human Capital?
Soytas, Mehmet A.; Gayle, George-Levi; Golan, Limor
(2015-02-27)
This paper analyzes the sources of the racial difference in the intergenerational transmission of human capital by developing and estimating a dynastic model of parental time and monetary inputs in early childhood with endogenous fertility, home hours, labor supply, marriage, and divorce. It finds that the racial differences in the marriage matching patterns lead to racial differences in labor supply and home hours of couples. Although both the black-white labor market earnings and marriage market gaps are important sources of the black-white achievement gap, the assortative mating and ...
Working Papers
, Paper 2015-18
Working Paper
Comparative Advantage and Moonlighting
Auray, Stéphane; Fuller, David L.; Vandenbroucke, Guillaume
(2019-05-24)
The proportion of multiple jobholders (moonlighters) is negatively correlated with productivity (wages) in cross-sectional and time series data, but positively correlated with education. We develop a model of the labor market to understand these seemingly contradictory facts. An income e?ect explains the negative correlation with productivity while a comparative advantage of skilled workers explains the positive correlation with education. We provide empirical evidence of the comparative advantage in CPS data. We calibrate the model to 1994 data on multiple jobholdings, and assess its ability ...
Working Papers
, Paper 2019-16
Working Paper
Estimation of Dynastic Life-Cycle Discrete Choice Models
Gayle, George-Levi; Golan, Limor; Soytas, Mehmet A.
(2015-08-13)
This paper explores the estimation of a class of life-cycle discrete choice intergenerational models. It proposes a new semiparametric estimator. It shows that it is root-N-consistent and asymptotically normally distributed. We compare our estimator with a modified version of the full solution maximum likelihood estimator (MLE) in a Monte Carlo study. Our estimator performs comparably to the MLE in a finite sample but greatly reduces the computational cost. The paper documents that the quantity-quality trade-offs depend on the household composition and specialization in the household. Using ...
Working Papers
, Paper 2015-20
Working Paper
Young Unskilled Women and the Earned Income Tax Credit: Insurance Without Disincentives?
Simpson, Nicole B.; Athreya, Kartik B.; Reilly, Devin
(2014-04-14)
The Earned Income Tax Credit (EITC) is the single most important transfer program in place in the United States. An aspect of the EITC that has received little attention thus far is its role as a public insurance program. Yet, the structure of the EITC necessarily protects its primary class of recipients, unskilled single mothers, against major risks they face to both wages and changes in family structure. Our study provides the first quantitative statement about the insurance provided by the EITC. We study a dynamic model of consumption, savings, and labor supply in which households face ...
Working Paper
, Paper 14-11
Report
Relative pay, productivity, and labor supply
Bracha, Anat
(2016-10-01)
Relative pay ? earnings compared with the earnings of others doing a similar job, or compared with one?s earnings in the past ? affects how much individuals would like to work (labor supply) and their effort on the job; it therefore has implications for both employers and policy makers. A collection of recent studies shows that relative pay information, even when it is irrelevant, significantly affects labor supply and effort. This effect stems mainly from those who compare unfavorably, as essentially all studies find that awareness of earning less than others or less than in the past ...
Current Policy Perspectives
, Paper 17-2
Working Paper
The Cross-Section of Labor Leverage and Equity Returns
Donangelo, Andres; Gourio, Francois; Kehrig, Matthias; Palacios, Miguel
(2017-09-04)
Using a standard production model, we demonstrate theoretically that, even if labor is fully flexible, it generates a form of operating leverage if (a) wages are smoother than productivity and (b) the capital-labor elasticity of substitution is strictly less than one. Our model supports using labor share?the ratio of labor expenses to value added?as a proxy for labor leverage. We show evidence for conditions (a) and (b), and we demonstrate the economic significance of labor leverage: High labor-share firms have operating profits that are more sensitive to shocks, and they have higher expected ...
Working Paper Series
, Paper WP-2017-22
Working Paper
Allocating Effort and Talent in Professional Labor Markets
Barlevy, Gadi; Neal, Derek
(2016-03-04)
In many professional service firms, new associates work long hours while competing in up-or-out promotion contests. Our model explores why these firms require young professionals to take on heavy work loads while simultaneously facing significant risks of dismissal. We argue that the productivity of skilled partners in professional service firms (e.g. law, consulting, investment banking and public accounting) is quite large relative to the productivity of their peers who are competent and experienced but not well-suited to the partner role. Therefore, these firms adopt personnel policies that ...
Working Paper Series
, Paper WP-2016-3
FILTER BY year
FILTER BY Bank
Federal Reserve Bank of St. Louis 10 items
Federal Reserve Bank of Boston 8 items
Federal Reserve Bank of Atlanta 7 items
Federal Reserve Bank of Dallas 7 items
Federal Reserve Bank of Minneapolis 6 items
Federal Reserve Bank of Chicago 5 items
Federal Reserve Bank of Cleveland 4 items
Board of Governors of the Federal Reserve System (U.S.) 3 items
Federal Reserve Bank of Kansas City 2 items
Federal Reserve Bank of New York 2 items
Federal Reserve Bank of Philadelphia 2 items
Federal Reserve Bank of San Francisco 2 items
Federal Reserve Bank of Richmond 1 items
show more (8)
show less
FILTER BY Series
Working Papers 28 items
FRB Atlanta Working Paper 7 items
Working Paper Series 7 items
Review 3 items
Staff Report 3 items
Finance and Economics Discussion Series 2 items
Research Working Paper 2 items
Current Policy Perspectives 1 items
Economic Policy Review 1 items
International Finance Discussion Papers 1 items
Opportunity and Inclusive Growth Institute Working Papers 1 items
Staff Reports 1 items
Working Paper 1 items
Working Papers (Old Series) 1 items
show more (9)
show less
FILTER BY Content Type
FILTER BY Author
Gayle, George-Levi 5 items
Golan, Limor 4 items
Hotchkiss, Julie L. 4 items
Soytas, Mehmet A. 4 items
Aliprantis, Dionissi 3 items
Bick, Alexander 3 items
Bracha, Anat 3 items
Fang, Lei 3 items
Heathcote, Jonathan 3 items
Jackson, Osborne 3 items
Moore, Robert E. 3 items
Rios-Avila, Fernando 3 items
Schweitzer, Mark E. 3 items
Storesletten, Kjetil 3 items
Violante, Giovanni L. 3 items
Blandin, Adam 2 items
Boerma, Job 2 items
Burke, Mary A. 2 items
Fee, Kyle 2 items
Karabarbounis, Loukas 2 items
Kumar, Anil 2 items
Liang, Che-Yuan 2 items
Mertens, Karel 2 items
Simpson, Nicole B. 2 items
Su, Yichen 2 items
Vandenbroucke, Guillaume 2 items
Abel, Jaison R. 1 items
Ahn, Hie Joo 1 items
Athreya, Kartik B. 1 items
Auray, Stéphane 1 items
Barlevy, Gadi 1 items
Battisti, Michele 1 items
Bengali, Leila 1 items
Benzoni, Luca 1 items
Blascak, Nathan 1 items
Borella, Margherita 1 items
Bradbury, Katharine L. 1 items
Brüggemann, Bettina 1 items
Bullard, James B. 1 items
Cara, McDaniel 1 items
Chyruk, Olena 1 items
De Nardi, Mariacristina 1 items
Deitz, Richard 1 items
Dizioli, Allan 1 items
Donangelo, Andres 1 items
Duval-Hernandez, Robert 1 items
Epstein, Brendan 1 items
Faberman, R. Jason 1 items
Foote, Christopher L. 1 items
Fuchs-Schündeln, Nicola 1 items
Fuller, David L. 1 items
Gallagher, Emily 1 items
Gourio, Francois 1 items
Grinstein-Weiss, Michal 1 items
Hannusch, Anne 1 items
Ionescu, Felicia 1 items
Kehrig, Matthias 1 items
Kimball, Miles S. 1 items
Leukhina, Oksana 1 items
Liu, Sitian 1 items
Michaels, Ryan 1 items
Mukoyama, Toshihiko 1 items
Neal, Derek 1 items
Ngai, L. Rachel 1 items
Palacios, Miguel 1 items
Park, Choonsung 1 items
Patterson, Christina 1 items
Petrosky-Nadeau, Nicolas 1 items
Pinheiro, Roberto 1 items
Pitts, M. Melinda 1 items
Rappaport, Jordan 1 items
Reilly, Devin 1 items
Restuccia, Diego 1 items
Roll, Stephen 1 items
Ryan, Richard W. 1 items
Sahin, Aysegul 1 items
Shao, Ling 1 items
Shephard, Andrew 1 items
Silos, Pedro 1 items
Trussell, Melissa R. 1 items
Tuzemen, Didem 1 items
Valletta, Robert G. 1 items
Van Zandweghe, Willem 1 items
Velde, Francois R. 1 items
Walker, Mary Beth 1 items
Wasmer, Etienne 1 items
Yang, Fang 1 items
Yu, Zhixiu 1 items
Zarazaga, Carlos E. 1 items
Zeng, Shutian 1 items
van der List, Catherine 1 items
show more (86)
show less
FILTER BY Jel Classification
E24 10 items
E32 10 items
J24 10 items
J31 8 items
J62 6 items
R12 6 items
E21 5 items
J13 5 items
J23 5 items
C13 4 items
D13 4 items
H20 4 items
I10 4 items
J28 4 items
D10 3 items
D19 3 items
D30 3 items
E20 3 items
H24 3 items
I18 3 items
I30 3 items
J2 3 items
J21 3 items
J64 3 items
D11 2 items
D60 2 items
E26 2 items
E52 2 items
H21 2 items
H40 2 items
J1 2 items
J46 2 items
J63 2 items
O4 2 items
R4 2 items
R41 2 items
C14 1 items
C71 1 items
C82 1 items
D12 1 items
D53 1 items
D62 1 items
D91 1 items
E1 1 items
E17 1 items
E22 1 items
E62 1 items
E65 1 items
G10 1 items
G12 1 items
G51 1 items
G52 1 items
H1 1 items
H22 1 items
H31 1 items
H51 1 items
H75 1 items
I12 1 items
I13 1 items
I14 1 items
I22 1 items
J11 1 items
J12 1 items
J16 1 items
J20 1 items
J26 1 items
J44 1 items
J61 1 items
J65 1 items
J71 1 items
K14 1 items
K42 1 items
L91 1 items
M51 1 items
O1 1 items
O40 1 items
R11 1 items
R13 1 items
R23 1 items
show more (75)
show less
FILTER BY Keywords
labor supply 15 items
COVID-19 5 items
Labor Force Participation 5 items
Inequality 4 items
Home production 4 items
Time use 4 items
Great Recession 3 items
Income distribution 3 items
Opioid Abuse 3 items
Opioid Prescription Rate 3 items
employment 3 items
joint labor supply 3 items
productivity 3 items
Consumption 2 items
Partial insurance 2 items
Skill investment 2 items
Tax progressivity 2 items
Welfare 2 items
family welfare 2 items
gig economy 2 items
informal work 2 items
social distancing 2 items
telecommuting 2 items
time allocation 2 items
working from home 2 items
Business cycles 2 items
Commuting 2 items
Human Capital 2 items
1918 Flu Pandemic 1 items
Affordable Care Act 1 items
Amenities 1 items
American Time Use Survey 1 items
BLS employment status 1 items
Boston taxis 1 items
Central cities 1 items
City size 1 items
College investment 1 items
Congestion 1 items
Cross-country differences in market hours 1 items
Discount Factor Shocks 1 items
Discrete Choice 1 items
Estimation 1 items
Estimation of dynamic game of complete information 1 items
Female labor supply 1 items
Frisch elasticity of labor supply 1 items
Gender wage gap 1 items
Gentrification 1 items
Goods market search 1 items
Government expenditures 1 items
Household allocation of resource 1 items
Human capital production function 1 items
Incomplete markets 1 items
Insurance 1 items
Intensive margin 1 items
Intergenerational Models 1 items
Labor 1 items
Labor flows 1 items
Labor leverage 1 items
Land use 1 items
Leisure productivity 1 items
Life-cycle dynastic models 1 items
Local Labor Markets 1 items
Macroeconomics 1 items
Metropolitan size 1 items
On-the-job search 1 items
Optimal taxation 1 items
PSID 1 items
Progressivity 1 items
Quantity-quality trade-off. 1 items
Redistribution 1 items
Schooling 1 items
Self-driving cards 1 items
Shutdown 1 items
Skill-biased technical change 1 items
Skills 1 items
Spatial Changes 1 items
Tagging 1 items
Taxation and Subsidies 1 items
Taxes and labor supply 1 items
Technology Shocks 1 items
Unemployment 1 items
Value of time 1 items
Valued government expenditures 1 items
Wages 1 items
administrative data 1 items
age 1 items
bargaining 1 items
business cycle fluctuations 1 items
business cycles. 1 items
career interruptions 1 items
college graduates 1 items
comparative advantage 1 items
constrained hours 1 items
consumption (Economics) - United States 1 items
consumption expenditures 1 items
credit status 1 items
crime 1 items
default 1 items
discrimination 1 items
diversity 1 items
drudgery 1 items
effort 1 items
elasticity of substitution 1 items
employeeemployer data. 1 items
family utility 1 items
federal benefit extensions 1 items
felony conviction 1 items
fertility 1 items
full-time job 1 items
home hours 1 items
hours dispersion 1 items
hours of labor 1 items
income 1 items
income effect 1 items
income effect 1 items
intermittency 1 items
job search 1 items
job utility 1 items
lab and field experiments 1 items
labor income 1 items
labor market 1 items
labor market slack 1 items
labor mobility 1 items
labor supply. 1 items
larceny thresholds 1 items
life expectancy 1 items
life-cycle time use 1 items
long hours 1 items
micro-simulation 1 items
microsimulation 1 items
microsimulation dual mandate 1 items
monetary policy 1 items
multiple jobholders 1 items
nonlinear budget sets 1 items
pandemic 1 items
panel data 1 items
part-time job 1 items
production complementarities 1 items
professional workers 1 items
regression discontinuity 1 items
relative pay 1 items
remote work 1 items
screening 1 items
sex 1 items
spatial distribution of jobs 1 items
student loans 1 items
subsidies 1 items
subsidies on family care 1 items
substitution effect 1 items
survey 1 items
taxable income 1 items
theft 1 items
time 1 items
unemployment insurance 1 items
up-or-out 1 items
use 1 items
wage 1 items
wage differentials 1 items
wage elasticity 1 items
work hours 1 items
show more (164)
show less